Bitcoin's recent trading activity has noticeably cooled down, and market data looks a bit awkward😅. From the minute-level K-line, it's clear that trading volume has shrunk significantly, and even the one-minute chart is starting to show gaps. This phenomenon often reflects a decline in market participation, with both retail and institutional investors being less active. It feels like the market is waiting for some signal, or maybe everyone is just watching and hesitating, and liquidity is indeed under pressure.